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....The London Taxi Company's (LTC) Ansty Park site in Coventry is the home of its new electric taxi, the TX5. Administrators were called into LTC in 2012 before Chinese carmaker Geely bought the business the following year. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 07:04:13 AM
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....Toyota is to invest £240m into upgrading its car plant in Derbyshire in a major boost for the automotive industry after Britain’s vote to leave the EU. The Japanese carmaker will modernise the plant in Burnaston with new equipment, technology and systems with the help of £21. ... [Read full article on Guardian ]
Thursday 16th of March 2017 11:10:34 AM
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.... Some of these components cross the English Channel three, four or even five times during production. The PA Consulting report identifies three possible scenarios for carmakers and car parts makers if trade restrictions, even partial ones, are enforced. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:34:46 PM
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....But FCA added that its diesel cars fully complied with emissions rules. The move by French prosecuting magistrates comes after revelations in 2015 that German carmaker Volkswagen broke diesel tests in the US. ... [Read full article on BBC ]
Tuesday 21st of March 2017 08:12:41 PM
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....The action is seeking compensation from VW for selling cars that the lawyers argue were not road worthy because the emissions were far higher than they purported to be. This month, the carmaker pleaded guilty to all criminal charges in the US, admitting to a scheme to sidestep pollution rules on nearly 600,000 vehicles. ... [Read full article on Guardian ]
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Latest Finance News related to Carmaker

London Taxi Company's new Ansty Park plant opens in Coventry image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:04:13 AM
....The London Taxi Company's (LTC) Ansty Park site in Coventry is the home of its new electric taxi, the TX5. Administrators were called into LTC in 2012 before Chinese carmaker Geely bought the business the following year. ...
Fiat Chrysler diesel emissions investigated in France image
Source : BBC [Read Article] Tuesday 21st of March 2017 08:12:41 PM
....But FCA added that its diesel cars fully complied with emissions rules. The move by French prosecuting magistrates comes after revelations in 2015 that German carmaker Volkswagen broke diesel tests in the US. ...
Hard Brexit 'could increase cost of making a car in UK by £2,400' image
Source : Guardian [Read Article] Monday 20th of March 2017 06:34:46 PM
.... Some of these components cross the English Channel three, four or even five times during production. The PA Consulting report identifies three possible scenarios for carmakers and car parts makers if trade restrictions, even partial ones, are enforced. ...
Thousands join UK legal case against VW over emissions scandal image
Source : Guardian [Read Article] Monday 20th of March 2017 10:27:25 AM
....The action is seeking compensation from VW for selling cars that the lawyers argue were not road worthy because the emissions were far higher than they purported to be. This month, the carmaker pleaded guilty to all criminal charges in the US, admitting to a scheme to sidestep pollution rules on nearly 600,000 vehicles. ...
The five best ISA funds that have thrashed the market image
Source : Daily Express [Read Article] Sunday 19th of March 2017 10:22:00 AM
.... . Manager James Anderson invests almost half the fund in US firms, including online retailer Amazon, electric carmaker Tesla Motors and social media giant Facebook, with hefty exposure to the eurozone and China. ...
Toyota invests £240m in Derbyshire plant – but warns over Brexit tariffs image
....Toyota is to invest £240m into upgrading its car plant in Derbyshire in a major boost for the automotive industry after Britain’s vote to leave the EU. The Japanese carmaker will modernise the plant in Burnaston with new equipment, technology and systems with the help of £21. ...
Vote of confidence image
Source : BBC [Read Article] Thursday 16th of March 2017 10:17:03 AM
.... . So why has Toyota decided to make this investment? What kind of guarantees has the government given the Japanese carmaker? . ...
Toyota to invest £240m in UK plant at Burnaston image
Source : BBC [Read Article] Thursday 16th of March 2017 09:39:48 AM
....Toyota is to invest £240m in upgrading its UK factory that makes the Auris and Avensis models. The Japanese carmaker's investment in the Burnaston plant near Derby will allow production of vehicles using its new global manufacturing system. ...
Trump begins rollback of Obama's car pollution standards to curb emissions image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:22:11 PM
....Trump has directed the Environmental Protection Agency to review fuel efficiency standards that were a key plank of Barack Obama’s effort to reduce greenhouse gas emissions. The move is a victory for carmakers who have claimed the standards are too onerous and out of step with Americans’ car buying habits. ...
Intel buys driverless car technology firm Mobileye image
Source : BBC [Read Article] Monday 13th of March 2017 12:09:06 PM
....54 a share in cash for the Israeli company, which develops "autonomous driving" systems. Mobileye and Intel are already working together, along with German carmaker BMW, to put 40 test vehicles on the road in the second half of this year. ...
VW diesel compensation stalls in UK image
Source : BBC [Read Article] Monday 13th of March 2017 11:52:52 AM
. It has been a year and a half since the diesel emissions scandal at the German carmaker Volkswagen first came to light. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
.... The Vauxhall-Opel operation hasn’t made a profit since 1999 and has made cumulative losses of $20bn since then. British carmakers are already nervous about their prospects when the country leaves the European Union: tariffs or other trade barriers on British cars exported to the EU could deal a hammer blow to the sector. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
.... “If so, would it not make sense for the government to set out its strategy for this sector as a whole rather than enlightening businesses one crisis at a time?”. Angela Eagle, the former shadow business secretary, whose Wallasey constituents include workers for Vauxhall and its supply chain, said she was concerned about the extra cost imposed on carmakers when the UK left the single market and customs union after 2019. ...
Vauxhall deal prompts cautious optimism from UK government image
Source : BBC [Read Article] Monday 6th of March 2017 03:37:53 PM
.... . With GM's Opel and Vauxhall operations, PSA Group will become the second-largest carmaker in Europe after Volkswagen. ...
Car deal image
Source : BBC [Read Article] Monday 6th of March 2017 12:49:19 PM
.... Or more accurately as far as GM Europe is concerned, 18 years of losses. The last time the US carmaker's European business, which houses Germany's Opel and the UK's Vauxhall, made a profit was in 1999. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
....The acquisition of Opel/Vauxhall, which generated revenues of €17. 7bn last year, will transform PSA Group into the second-biggest carmaker in Europe, after Volkswagen. ...
The fine print behind the GM deal image
Source : BBC [Read Article] Monday 6th of March 2017 09:17:53 AM
.... Peugeot thinks it can squeeze £1. 5bn of savings out of the combined operation, and if it can help the French carmaker break into new markets the deal will have done its job. ...
Vauxhall-Opel sold by GM to Peugeot-Citroen image
Source : BBC [Read Article] Monday 6th of March 2017 07:31:41 AM
....The UK factories at Ellesmere Port and Luton employ about 4,500 people. With GM's Opel and Vauxhall operations, PSA Group would become the second largest carmaker in Europe, behind Volkswagen. ...
GM set to announce Opel and Vauxhall sale on Monday image
Source : BBC [Read Article] Sunday 5th of March 2017 12:03:33 PM
....Opel has failed to emulate Ford or PSA in reducing overcapacity at its factories, despite closing a plant in the western German city of Bochum with the loss of 3,000 jobs in 2014. Stefan Bratzel, of Germany's Center of Automotive Management, said: "Opel suffers more from overcapacity than other European carmakers, meaning it has to offer big discounts to keep up a certain level of production and that hits its profitability. ...
Peugeot owner PSA close to deal to buy Vauxhall and Opel image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:26:55 AM
....The owner of Peugeot and Citroën is close to completing a deal with General Motors to buy its European car brands Vauxhall and Opel. Groupe PSA and GM could announce a deal as early as Monday morning after successful talks between the carmakers. ...
Peugeot 'set to unveil deal to buy GM's Opel on Monday' image
Source : BBC [Read Article] Friday 3rd of March 2017 11:26:34 PM
....If the takeover were to go through it would mean GM would no longer have a presence in the UK and Europe. PSA would become Europe's second-largest carmaker, behind VW, with a 16% share of the European market. ...
Bridgend reels from jobs threat hanging over Ford plant image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:00:39 AM
....There are 1,820 workers at the plant and Bridgend College runs successful courses in the automotive industry, ensuring a conveyor belt of young people with the skills to work at Ford and in the cluster of suppliers that has formed around it. The carmaker has helped push wages up. ...
Jaguar Land Rover pledges 'heart and soul' to UK as new model debuts in Solihull image
. Jaguar Land Rover’s latest model is to be built exclusively at its plant in Solihull as the luxury carmaker pledged its “heart and soul” to the UK. ...
BMW considers making electric Mini outside UK due to Brexit worries image
Source : Guardian [Read Article] Monday 27th of February 2017 06:21:12 PM
.... Another option for BMW is to produce the car in the Netherlands, where roughly one in three Minis are already made. The German carmaker is likely to hold talks with the British government before making a decision but is concerned about the prospect of the UK leaving the single market and being charged tariffs on imports and exports. ...
VW cracks down on executive pay after diesel scandal image
Source : BBC [Read Article] Friday 24th of February 2017 08:46:49 PM
. Volkswagen will set caps on executive pay, the German carmaker said as it announced a return to profit for 2016 following the "dieselgate" scandal. ...
Vauxhall pensions 'won't be hit by PSA Group deal' image
Source : BBC [Read Article] Friday 24th of February 2017 12:40:52 PM
....Unions in Germany and the UK have been concerned that a takeover of Opel and Vauxhall could lead to job losses. Should the PSA deal go ahead, GM would leave the UK and Europe, while PSA Group would become Europe's second-largest carmaker - behind VW - supplanting Renault-Nissan. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
....” The union leader added that there were still a lot of issues to discuss, notably pensions. Vauxhall’s Ellesmere Port and Luton factories, headquarters and warehouse employ about 4,600 people, with a further 20,000 working in the carmaker’s showrooms; they also support a further 18,000 supply chain job. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
. The boss of PSA Group said the French carmaker’s proposed purchase of General Motors’ lossmaking European business could bring “speedy” savings, prompting fresh fears over job cuts at Vauxhall in the UK – just hours after speaking to Theresa May. ...
Peugeot owner PSA sees profits nearly double image
Source : BBC [Read Article] Thursday 23rd of February 2017 10:11:37 AM
. The owner of French carmaker Peugeot has reported a near doubling of profits, as it considers buying General Motors' (GM) Opel and Vauxhall brands. ...
Carlos Ghosn refocuses Nissan role image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:33:29 AM
....Nissan's Alliance family is built around a 17-year cross shareholding agreement with Renault. Nissan has also previously acquired stakes or signed partnerships with other carmakers including Daimler. ...
UK plans draft response to foreign takeovers after failed Unilever bid image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:07:18 PM
....”. Clark’s remarks on Wednesday followed his pledge about the government’s “unbounded commitment” to protecting jobs at the carmaker Vauxhall. ...
Fears grow for Vauxhall jobs as government vows to do all it can image
Source : Guardian [Read Article] Monday 20th of February 2017 07:31:35 PM
. The business secretary has promised the government’s “unbounded commitment” to protecting jobs at Vauxhall amid concerns over the carmaker’s future. ...
Vauxhall's workforce highly valued, minister told by potential French buyer image
....Unite is also seeking a meeting with PSA at the earliest opportunity to discuss the proposed deal which would shift Vauxhall and Opel into the French government-backed automotive group. The tie-up would involve GM leaving Europe, and PSA becoming the second-largest European carmaker with a 16% market share. ...
Vauxhall's future in UK is secure, says business secretary image
Source : Guardian [Read Article] Thursday 16th of February 2017 03:35:55 PM
. The UK business secretary has said he has been reassured about the future of General Motors’ Vauxhall production operations in Britain, following a meeting with the US carmaker’s chairman. ...
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
....McCluskey repeated his call for the government to extend the backing it has offered to Nissan, to ensure it maintains its UK car production when the UK leaves the EU, to the rest of Britain’s car industry. The Japanese carmaker announced in October that it would invest in its Sunderland factory after receiving assurances from the government. ...
General Motors looks to sell loss-making Vauxhall and Opel image
Source : Guardian [Read Article] Tuesday 14th of February 2017 01:42:44 PM
....It also urged staff not to let the possibility of a sale become a “distraction”. GM, the world’s third-largest carmaker and the biggest in the US, has suffered more than $15bn of losses at Opel since 2000. ...
Unite workers at BMW threaten action over plans to shut UK pension scheme image
Source : Guardian [Read Article] Monday 13th of February 2017 07:01:07 AM
. More than 7,000 BMW workers are threatening industrial action over the German carmaker’s plans to shut the final salary pension scheme. ...
McLaren to create 200 jobs in Sheffield with new £50m plant image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:40:34 PM
.... Full production will begin at the site by 2020. The carmaker, whose sister company runs the McLaren Formula One team, has invested millions of pounds in the past few years to develop a British rival to Ferrari. ...
Volvo to seek volunteers for self-driving car trial in UK image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:22:32 AM
....Volvo is looking for drivers who commute into west London to take part in its self-driving cars trial, the largest conducted by the the automobile industry. The Swedish carmaker said it was aiming to make operating self-driving cars as easy as using a smartphone. ...
Deutsche Bank's $630m Russian fine reflects badly on banking | Nils Pratley image
....How’s the corporate revamp at Volkswagen going? Very nicely if you are Christine Hohmann-Dennhardt, the compliance chief recruited after the great diesel emissions scandal. She will leave the carmaker after earning more than €10m for 13 months’ work. ...
VW risks new pay row as compliance chief lands €10m payoff image
Source : Guardian [Read Article] Tuesday 31st of January 2017 06:38:36 PM
....The former judge brought in to shake up Volkswagen’s compliance and culture after it was struck by a diesel emissions scandal is to receive a payoff of more than €10m (£8. 6m), despite working for the German carmaker for just 13 months. ...
VW becomes world's No 1 carmaker despite diesel emissions scandal image
Source : Guardian [Read Article] Monday 30th of January 2017 01:55:34 PM
.... With the manufacturer having already been the subject of a barrage of tweeted warnings from President Trump before he took office over its plans to locate factories in Mexico, its problems there may be growing. Chevrolet and Cadillac maker General Motors had been the top-selling carmaker for more than 70 years until Toyota took that mantle in 2008. ...
EU main export market for most UK cities, says thinktank image
Source : Guardian [Read Article] Monday 30th of January 2017 07:01:46 AM
....The thinktank also urges the government to seek trade agreements covering as many sectors as possible, rather than prioritising deals for high-profile industries based in a small number of places. It notes that some places like Sunderland, where carmaker Nissan is based, are heavily reliant on a specific industry but they form the minority of cities – a total of seven. ...
Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs image
.... In a sign of how important Europe is to the UK car industry, 57% of the exported cars went to the EU. Hawes said there was evidence that carmakers were delaying investment in the UK due to the uncertainty around Brexit. ...
Theresa May’s industrial plan signals shift to more state intervention image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:28:07 AM
....Clark said battery technology, particularly for electric cars, was among the areas being targeted. However, he declined to confirm that the government had made a deal with Nissan on battery technology before the Japanese carmaker agreed to keep investing in the UK. ...
McDonald’s will need more than a bigger Big Mac to supersize profits image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:00:23 AM
....What would Ray Kroc, the man behind its rapid expansion – currently being immortalised on film by Michael Keaton in The Founder – think? After all, some of its food may still be supersized, but McDonald’s itself is looking decidedly downsized. Donald Trump’s desire to “encourage” carmakers to built plants in the US rather than say, Mexico, for vehicles sold in the county is part of his attempt to protect American jobs. ...
Nissan to review Sunderland plant's competitiveness after Brexit image
Source : Guardian [Read Article] Friday 20th of January 2017 07:17:27 PM
. Nissan will conduct a review of its Sunderland plant’s competitiveness once the UK’s future relationship with the EU is settled, the head of the Japanese carmaker has said. ...
Is the City of London going to hell in a Brexit handcart? image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:41:32 PM
.... That is what HSBC and UBS are primarily talking about. Of course, the banks – like UK carmakers – have an incentive to frighten the government with large numbers to try to protect their interests during the negotiations. ...
Jaguar Land Rover fined £900,000 after worker lost leg in accident image
Source : Guardian [Read Article] Thursday 19th of January 2017 06:43:34 PM
.... His right leg had to be amputated. Jurors were told the carmaker had since introduced a buffer zone to reduce the risk of a similar accident. ...
Bravado only partially masks contradictions in Theresa May's speech image
Source : Guardian [Read Article] Tuesday 17th of January 2017 02:45:56 PM
.... Despite appearing to blame EU membership for Britain’s lacklustre international trade performance, May also made clear she wished to maintain as much access to the single market and customs union as Europe would allow without demanding too much in return. Industry-specific deals for nervous carmakers and bankers were dangled as a possibility. ...
'Europe's fate is in our hands': Angela Merkel's defiant reply to Trump image
Source : Guardian [Read Article] Monday 16th of January 2017 07:54:18 PM
.... This isn’t about making ourselves submissive. What he says about trade issues, how he might treat German carmakers, the question about Nato, his view on the European Union – all these require a self-confident position, not just on behalf of us Germans but all Europeans. ...
Renault to be investigated over diesel emissions 'cheating' image
Source : Guardian [Read Article] Friday 13th of January 2017 12:34:10 PM
. French prosecutors have announced they will investigate Renault over suspected “cheating” in emissions tests of diesel motors, causing shares in the carmaker to fall. ...
Takata shares rise on US airbag settlement reports image
Source : BBC [Read Article] Friday 13th of January 2017 03:26:11 AM
....The firm is expected to pay up to $1bn (£822m) and plead guilty to criminal wrongdoing over faulty airbags, which have been linked to at least a dozen deaths and more than 100 injuries. Most major carmakers have been affected by the fault, with around 100 million Takata airbags recalled globally. ...
VW papers shed light on emissions scandal image
Source : BBC [Read Article] Thursday 12th of January 2017 11:15:47 PM
...." . These were the words of the US Attorney General Loretta Lynch, as she set out how the German carmaker would be punished for attempting to hoodwink the US authorities over the emissions produced by its diesel cars. ...
Fiat accused over emissions software image
Source : BBC [Read Article] Thursday 12th of January 2017 04:21:40 PM
....5bn in civil penalties. The EPA is reviewing other carmakers' emissions systems, but it is unclear if it has found any additional wrongdoing. ...
Volkswagen confirms $4.3bn payment over diesel emissions image
Source : Guardian [Read Article] Tuesday 10th of January 2017 11:08:24 PM
....53bn) draft settlement with US regulators to resolve its diesel emissions troubles, alongside plans to plead guilty to criminal misconduct charges. The guilty plea is part of the deal to settle the scandal, as the carmaker looks to restore its tarnished global brand. ...
Volkswagen shrugs off scandal with record sales image
Source : BBC [Read Article] Tuesday 10th of January 2017 04:01:09 PM
....The VW group saw sales increase by 3. 8% in 2016, making it likely that the firm will overtake Toyota as the world's biggest carmaker by volume. ...
Hard Brexit threatens global financial system, City chiefs tell MPs image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:42:39 PM
....”. The vote for Brexit has sparked a debate about special deals for certain parts of the economy after carmaker Nissan announced it would develop its Sunderland plant. ...
Google Waymo self-driving minivan tests to start image
Source : BBC [Read Article] Monday 9th of January 2017 02:06:26 PM
....One tech analyst said the industry would keenly watch Waymo's performance in the coming months. Waymo plans to develop self-driving technology and provide it to established carmakers. ...
Rolls-Royce Motor Cars boss pledges future in UK despite Brexit qualms image
Source : Guardian [Read Article] Monday 9th of January 2017 10:29:38 AM
....Rolls-Royce Motor Cars has vowed not to turn its back on the UK amid concerns that firms could shift their headquarters overseas in response to the Brexit vote. The luxury carmaker, which is owned by Germany’s BMW, posted its second-highest annual sales in more than a century, up 6% on last year to 4,011 vehicles. ...
Dieselgate: UK motorists file class-action suit against VW image
Source : Guardian [Read Article] Monday 9th of January 2017 09:26:28 AM
. Thousands of British motorists have launched a lawsuit against Volkswagen over the “dieselgate” emissions scandal, in a claim that could end up costing the carmaker billions of pounds. ...
VW chiefs 'hushed up emission cheating' image
Source : BBC [Read Article] Monday 9th of January 2017 08:05:24 AM
.... . A complaint to the US District Court for the Eastern District of Michigan, filed by the Federal Bureau of Investigation (FBI) against VW at the end of last year, accuses the carmaker of deliberately misleading regulators about cheating US pollution tests by means of so-called "defeat devices". ...
Fewer car owners and more driverless vehicles in future, survey reveals image
Source : Guardian [Read Article] Monday 9th of January 2017 12:01:02 AM
....“Carmakers plan to sell a myriad of new digital services to vehicle users. Today, carmakers already make substantial profits from the sale of consumer finance and annual vehicle insurance but this will grow in the future as innovative services such as remote vehicle monitoring and the integration of the car as a focal point in people’s ever more connected lifestyles are demanded by consumers,” said Leech. ...
Global car industry worries about the new warning signs image
Source : Guardian [Read Article] Sunday 8th of January 2017 10:32:43 AM
. Donald Trump’s threatening tweets have set carmakers on edge, but the industry gathering at the annual Detroit motor show has other pressing issues on its mind. ...
We contribute billions to US economy, Toyota politely tells Trump image
Source : Guardian [Read Article] Friday 6th of January 2017 06:54:40 AM
. Japanese officials have defended Toyota’s contribution to the US economy after Donald Trump threatened to impose a “big border tax” on the carmaker if it went ahead with plans to open a new plant in Mexico. ...
Trump says Toyota will face tariffs on cars made in Mexico image
Source : BBC [Read Article] Thursday 5th of January 2017 08:04:11 PM
...."Toyota looks forward to collaborating with the Trump Administration to serve in the best interests of consumers and the automotive industry," the statement said. The carmaker's shares fell more than 3% in early trade in Tokyo on Friday but have since recovered some ground. ...
Mexico and Mr Trump: What will happen to trade ties? image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:59:36 PM
....But Donald Trump has put public pressure on US companies not to move production, and has threatened to impose import duties on cars coming in from Mexico. It's a sensitive subject and the American carmakers refused to be interviewed. ...
CES 2017: Faraday Future unveils super fast electric car image
Source : BBC [Read Article] Wednesday 4th of January 2017 04:26:09 AM
...."This is a must impress situation," he added. "Even if everything had been going perfectly, it is very difficult to be a start-up carmaker, particularly when you are coming from a tech background. ...
Syncing feeling image
Source : BBC [Read Article] Wednesday 4th of January 2017 12:18:00 AM
....Nowadays, rock and pop artists of all kinds have become reconciled to that particular way of doing what the Clash used to call "turning rebellion into money". So when did it all change? Well, one of the big turning points came when Sting not only allowed a carmaker to use one of his songs in an advert, but even appeared in it too. ...
Ford's 'vote of confidence' in Trump image
Source : BBC [Read Article] Tuesday 3rd of January 2017 08:33:05 PM
. Ford chief executive Mark Fields says the carmaker's decision to invest $700m in its Michigan plant is a "vote of confidence" in Donald Trump's economic policies. ...
Sweden's best-selling car not a Volvo image
Source : BBC [Read Article] Tuesday 3rd of January 2017 01:14:56 AM
....Sweden's best-selling car in 2016 was not a Volvo - the first year that has happened in more than half a century. Instead the Volkswagen Golf topped sales, according to the country's carmakers' association, although Volvo still had the largest share of the country's car market overall. ...
Changing direction image
Source : BBC [Read Article] Thursday 29th of December 2016 11:32:46 PM
....The millennial generation no longer regards car ownership as a necessity, while the ageing generation sees taxi-hailing and driverless technology as the way to keep them mobile, Briggs says. For years, carmakers and tech firms, with their different cultures and pace of development, eyed each other with mutual suspicion. ...
Tesla to hike UK prices by 5% in the new year image
Source : Guardian [Read Article] Thursday 22nd of December 2016 11:43:07 AM
. Electric carmaker Tesla Motors is blaming “currency fluctuations” for the decision to push up the price of models sold in the UK by 5% in the new year. ...
VW agrees further $1bn settlement deal over emissions scandal image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:18:29 AM
. Volkswagen has agreed to a $1bn (£810m) settlement to fix or buy back another 80,000 diesel vehicles sold in the US, as the German carmaker took new steps to put its emissions cheating scandal behind it. ...
Risks and rewards image
Source : BBC [Read Article] Thursday 15th of December 2016 12:21:34 AM
...."We want to go where the people go," says Scot Cottick, senior manager in charge of digital and social media for Nissan. The carmaker has run more than 26 live streamed videos over the past few years, mainly on Facebook Live. ...
Letter to Nissan about Brexit could be made public, MPs are told image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:36:20 PM
. The government could publish the letter it sent to Nissan reassuring the carmaker about Brexit once concerns about commercial sensitivity have passed, the business secretary has told MPs. ...
Italian banks are living on borrowed time … and money image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:30:32 PM
....Rowe’s logic seemed impeccable, so why didn’t the board curb Bolland’s enthusiasm? Swannell is staying until his successor is appointed, so there is still time for him to explain. Encouraging news: the UK did not incur an “identifiable contingent liability” when the government gave assurances to Nissan that the carmaker’s new investments in this country would not suffer after Brexit. ...

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